Note: the below research is outdated. Please see new research here
Are you using PayPal in your business to pay or get paid internationally for goods and services? If so, you could save on average 14x more by opening a Wise Business account.
The research was carried out on the 11th October 2018 by market research agency, Alderson Consulting (Bristol), in conjunction with Wise. The data was ascertained via a series of transfers carried out by Alderson Consulting (Bristol) and partners in various geographies.
There are three types of fees recorded for this price comparison:
- Fee 1: an upfront international money transfer fee
- Fee 2: the markup PayPal added to their exchange rate
- Fee 3: the recipient fee PayPal charged when business receive international payments
Research took place on transfers from GBP, EUR, USD, and AUD routes. Date and timestamps are provided.
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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